Luxury Furniture Market Analysis, Size by Value, Emerging
Trends and Forecasts To 2022
“The Global Luxury Furniture Market is estimated to develop at a substantial
CAGR for the duration of the prediction period. The market research report
delivers an exceptional means for assessing the market, emphasizing
openings, and backing up the planned and calculated policymaking.”
Industry Insights
The Global Luxury Furniture Market is anticipated to reach $28.60 billion by 2022 at a CAGR of 3.7% in the
forecast period. The key factors affecting the growth of this sector is disposable income. The growth of the
luxury furniture sector is directly proportional to the adoption of e-retailing methods to reduce the operating
expenses in sales & distribution and growth of real estate industry. The real estate sector has shown a significant
slowdown in the 1st half of 2017.
However, the market is expected to grow with the moderate speed. Development of the real estate industry for
commercial as well as the residential place would push the luxury furniture market forward. Also, the
development is coupled with the change in lifestyle of the consumers, especially in urban areas due to increase
in disposable income. However, the growth can be hampered by the increasing expenses for a raw material
required, the design of furniture and the lack of skilled workforce.
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